VALIDITY OF REIT SHARES. Any REIT Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, free and clear of all Liens created by the REIT (other than any Liens created by the REIT Charter).
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Rexford Industrial Realty, Inc.), Agreement and Plan of Merger (Rexford Industrial Realty, Inc.), Agreement and Plan of Merger (American Assets Trust, Inc.)
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the REIT Chartercharter of the REIT).
Appears in 4 contracts
Samples: Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Two Harbors Investment Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.)
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessableassesable, free and clear of all Liens created by the by the REIT (other than any Liens created by the REIT Charter).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (American Assets Trust, Inc.), Agreement and Plan of Merger (American Assets Trust, Inc.)
VALIDITY OF REIT SHARES. Any The REIT Shares and the Redeemable Preferred Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the REIT Charterarticles of incorporation of the REIT).
Appears in 1 contract
Samples: Contribution Agreement (Granite Point Mortgage Trust Inc.)
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued to such Contributor pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the Articles of Amendment and Restatement of the REIT Charter(the "Articles").). Section 3.06
Appears in 1 contract
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued to the Management Company Shareholders pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the REIT CharterArticles of Amendment and Restatement of the REIT).
Appears in 1 contract
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued to the holders of DE2005 REIT Common Shares pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens liens created by the REIT (other than any Liens created by the REIT CharterArticles of Amendment and Restatement of the REIT).
Appears in 1 contract
VALIDITY OF REIT SHARES. Any The REIT Shares and the Redeemable Preferred Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the REIT Charterarticles of incorporation of the REIT). Section 3.06.
Appears in 1 contract
Samples: Contribution Agreement (Two Harbors Investment Corp.)
VALIDITY OF REIT SHARES. Any The REIT Shares to be issued pursuant to this Agreement will have been duly authorized by the REIT and, when issued against the consideration therefor, will be validly issued, fully paid and non-assessable, assessable and free and clear of all Liens created by the REIT (other than any Liens created by the REIT Charter).
Appears in 1 contract
Samples: Agreement and Plan of Merger (Younan Properties Inc)
